(Source: VC Circle) -- A former managing director of Citigroup Venture Capital International in India has reportedly snagged U.S.-based hedge fund Morgan Creek Capital as an anchor investor in his soon-to-be floated private equity fund.
Morgan Creek is said to be investing $100 million in Ajay Relan’s fund, independent sources told VC Circle.
Sources also said Relan has landed Amit Bhatiani, a senior New York-based hedge fund manager, as a partner in his fund. Relan, in an interview with VC Circle, confirmed the appointment of a senior partner, however, he declined to divulge the partner’s name or the anchor investor in the fund. Bhatiani has been a partner at Duma Capital, a New York-based hedge fund, and prior to that he was a portfolio manager at the Clinton Group.
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